Diabytes
Card payments News
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PayPal will be able to process both local and global payments.
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The issuing bank involves the cost of issuing the cards and also manages other risks relate to card holders like failed transactions and frauds.
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In a major push for cashless transactions, PoS machines for credit/debit card as well as Aadhaar-based transactions will be installed at all PDS shops and fertiliser depots over the next few months.
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With banks deciding to imposed transaction (MDR) charges on them instead of consumers, petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday.
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India`s largest digital wallet and payment company Paytm on Wednesday updated its app to launch India`s first APP POS allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and Maestro.
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With an aim to discourage cash transactions, the Cabinet Wednesday approved withdrawal of surcharge, service charge and convenience fee on card and digital payments.
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